Vodafone Group Acquires German 5G Spectrum for EUR1.88 Billion

Date : 06/13/2019 @ 7:45AM
Source : Dow Jones News
Stock : Vodafone Grp. Plc ADS Each Representing Ten Ordinary Shares (VOD)
Quote : 16.305  -0.185 (-1.12%) @ 7:48PM

Vodafone Group Acquires German 5G Spectrum for EUR1.88 Billion

Vodafone (LSE:VOD)
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   By Adria Calatayud 
 

Vodafone Group PLC (VOD.LN) said Thursday that it has bought spectrum in Germany's auction for 5G mobile networks for 1.88 billion euros ($2.13 billion).

The FTSE 100-listed telecommunications group said it has secured 90 megahertz in the 3.6 gigahertz band and 40 megahertz of 2100 megahertz spectrum.

Vodafone said it achieved its overall auction objective and secured additional spectrum through to 2040.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

June 13, 2019 02:30 ET (06:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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